Michael, who is raising up his hand, is 48 years old. He is married with nine children. He depends solely on farming to earn a living and is therefore keen on practicing better farming methods. During the 2014 long rains, Michael will plant a one acre farm with maize on ½ acre and sorghum and millet on ¼ acre each.
He is therefore requesting a loan to enable him to purchase farm inputs. With the farm inputs, he is hopeful that the harvest will be good and he will ensure food security for his large family.
More information about this loan
Nuru International is a U.S. based non-profit that aims to help rural farmers in Kenya lead their communities out of extreme poverty using agricultural loans and specialized trainings. This loan will go towards the cost of seeds, fertilizers, agricultural training, and insurance. While this loan is structured with a one time payment in September, the farmers may prepay their loans if they have the capacity to repay earlier. As a result, lenders may receive repayments earlier than the estimated end date.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. While the loan profile indicates that the disbursal date of the inputs will be early November, Nuru International does not expect to begin providing inputs until early December. This will ensure that borrowers receive their inputs by January, the start of the typical planting season for Kenyan farmers.
About Nuru International:Nuru International is a U.S. based non-profit that aims to equip rural farmers with the tools, knowledge, and resources necessary to lead their families out of extreme poverty. Nuru’s “Agricultural Input Loan” provides farmers with seeds, fertilizer and agricultural extension programs that have proven to more than double a farmer’s crop yield. Funds from Kiva’s lenders will help Nuru to scale its operations to reach 10,000 farmers in Kenya and 1,700 farmers in Ethiopia by 2016.
This is a Group Loan
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